In recent days, Bitcoin’s value has experienced a significant decline, dropping by approximately 10%. Other cryptocurrencies have faced even steeper losses. Most analysts attribute this downturn to new import tariffs introduced by U.S. President Donald Trump. As of noon on Monday, investors were paying around $95,300 (93,000 euros) per Bitcoin, a decrease of about 10% from Friday. Earlier in the day, the price dipped below $92,000.

According to Reuters, the United States’ announcement of import duties is a central factor in this market uncertainty. Over the past weekend, President Trump declared the imposition of tariffs on goods from Mexico, Canada, and China, prompting these nations to prepare countermeasures. Furthermore, Trump has indicated a willingness to engage in a trade dispute with the European Union, emphasizing a readiness to respond robustly.

This geopolitical tension is unsettling for investors, often leading to market instability. Alongside Bitcoin, other cryptocurrencies have also suffered. Ethereum, the second-largest cryptocurrency, saw its value plummet by about 20% over the past three days. Many other digital currencies have recorded similar losses.

Since Trump’s election victory in November, Bitcoin had experienced a substantial rise, peaking at over $107,000 on the day of his inauguration. While recent profits have dwindled, Bitcoin remains significantly higher compared to pre-election levels.